Brookmont Capital Management Sells 962 Shares of RTX Co. (NYSE:RTX)

Brookmont Capital Management trimmed its position in RTX Co. (NYSE:RTX) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,273 shares of the company’s stock after selling 962 shares during the quarter. RTX makes up 0.9% of Brookmont Capital Management’s holdings, making the stock its 29th largest position. Brookmont Capital Management’s holdings in RTX were worth $1,652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. LRI Investments LLC raised its holdings in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management acquired a new position in shares of RTX during the 3rd quarter worth approximately $1,307,000. Czech National Bank grew its position in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $8,387,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $121.30 on Tuesday. The stock has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $118.03 and its 200 day moving average is $117.84. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. Citigroup increased their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.